You can’t run a global economy on gold/silver. How are you going to send gold across the country for long distance transactions? You would need middle-men ….and we are back full circle to banking.
Bitcoin (and Bitcoin only) is much better than gold/silver.
A combination of both would be best, Bitcoin for international trading, online purchases and so on. Gold/Silver for local physical purchases. The end goal should be the same, no middle men, no fractions of a reserve where some fat long nosed guy steals the value of the asset through complex schemes.
It's a shame most gold knuckleheads don't understand that there's never gonna be a switch from today's fiat currencies back to gold just like that. The banks suppressed that once, they can keep suppressing it. Those who believe instead of contribute will end up slaves in the new carbon credit system.
If gold lovers would adopt Bitcoin, we could build a pure Bitcoin economy. Bitcoin has the same properties as precious metals but in digital form. This means, there's no legit excuse for the banking system at all, this means all middlemen can be eliminated.
And once that's done, there's already infrastructure build and widely available to quickly and safely add support for a bunch of other coins, and precious metals, to this system. Gold backed crypto would allow big box stores who choose to go digital to accept and keep track of their gold payments.
This is the only way we could get a economy with at least partial support for precious metals. And keep the corrupt banks away.
You can’t run a global economy on gold/silver. How are you going to send gold across the country for long distance transactions? You would need middle-men ….and we are back full circle to banking.
Bitcoin (and Bitcoin only) is much better than gold/silver.
A combination of both would be best, Bitcoin for international trading, online purchases and so on. Gold/Silver for local physical purchases. The end goal should be the same, no middle men, no fractions of a reserve where some fat long nosed guy steals the value of the asset through complex schemes.
It's a shame most gold knuckleheads don't understand that there's never gonna be a switch from today's fiat currencies back to gold just like that. The banks suppressed that once, they can keep suppressing it. Those who believe instead of contribute will end up slaves in the new carbon credit system.
If gold lovers would adopt Bitcoin, we could build a pure Bitcoin economy. Bitcoin has the same properties as precious metals but in digital form. This means, there's no legit excuse for the banking system at all, this means all middlemen can be eliminated.
And once that's done, there's already infrastructure build and widely available to quickly and safely add support for a bunch of other coins, and precious metals, to this system. Gold backed crypto would allow big box stores who choose to go digital to accept and keep track of their gold payments.
This is the only way we could get a economy with at least partial support for precious metals. And keep the corrupt banks away.